Value of you motor compared to house

matthab · 5 Jan 2015 at 10:39

Currently with our two cars is about 6-7%. Would be far more but I have had to sort a wedding and honey moon.

xs2man · 5 Jan 2015 at 10:39

Current values on both my cars come to around 12% of the house purchase price (in 2007). 16% if we look at purchase prices. However, my 330i only accounts for 0.7% of that.

Jez · 5 Jan 2015 at 10:40

Hardly anything, i dont give any value to cars compared with the place which you live. I'd probably be happy to downgrade to something very basic in order to keep the house if i were forced into the situation.

That doesn't mean that i am not into cars, but i wouldn't spend big money on one - i just don't view them as worth huge money. Of course the value of money is only relative concept.

delta0 · 5 Jan 2015 at 10:47

1%. House gone up in value and car gone down

Mickey · 5 Jan 2015 at 10:58

Mine is pretty high compared to some of you at around 21% for the 3 cars combined. I enjoy having nice cars though, and could easily change to something cheap if I needed to.

Housey · 5 Jan 2015 at 11:48

4.8% based on rough values.

RedvGreen · 5 Jan 2015 at 11:56

Up north houses are cheaper, but so are wages, so it all scales (mostly).

I'd say i've always been about 15-30%. As a basis, 1/3 of my salary (just mine) goes on my car. Not clever or smart, but we only live once!

Housey · 5 Jan 2015 at 12:06

RedvGreen said:
Up north houses are cheaper, but so are wages, so it all scales (mostly).

For mundane jobs I would agree, but bigger roles will not carry a London weighting typically as most companies HQ'd in That London will allow for remote workers who commute or work from home and will pay for the role no matter where the person resides.

ubersonic · 5 Jan 2015 at 12:14

My car is worth infinity more than my house (I have no house lol).

Maundie · 5 Jan 2015 at 12:24

Compared to original purchase price it's about 35% but seeing as I bought the house in 1999 and it has increased by nearly 90k and the car in 2013 that has decreased about 3-4k it's about 6% at todays valuations

nichorob · 5 Jan 2015 at 12:31

0.5% at most

Mockingbird · 5 Jan 2015 at 12:43

Based on purchase price of both, 0.12%.

So, nearly an eighth of one percent.

Hurray, Oxfordshire.

PMKeates · 5 Jan 2015 at 12:46

About 150% I guess

#veyronproblems

Housey · 5 Jan 2015 at 12:55

It is meaningless really. I could own a 5 million pound house and have 2 million quids worth of motors and my percentages would make me seem like a bin diver.

Simon · 5 Jan 2015 at 13:29

Not many bin divers have £100k cars and a £250k house.

shadow_boxer · 5 Jan 2015 at 13:36

Interesting thread. With both my wife's and mine 2.3%

PMKeates · 5 Jan 2015 at 13:40

Housey said:
It is meaningless really. I could own a 5 million pound house and have 2 million quids worth of motors and my percentages would make me seem like a bin diver.

Meaningless thread in OcUK Motors? neverrrrrrrrrrrrrrrr

mattyg · 5 Jan 2015 at 13:42

I've a mate who owes less than £30k on his mortgage but has car finance exceeding that amount.

That seems daft to me.

PMKeates · 5 Jan 2015 at 13:44

mattyg said:
I've a mate who owes less than £30k on his mortgage but has car finance exceeding that amount.

That seems daft to me.

Depends on the rate of the car finance and what alternatives were available at the time..

xs2man · 5 Jan 2015 at 13:50

Simon said:
Not many bin divers have £100k cars and a £250k house.

I would imagine there aren't too many property owners owning a £250k house and a 100k car either. I could imagine a £500k house, but not a house as "cheap" as that.